China's PV industry enters the terawatt era

By the end of August, China's cumulative installed capacity for power generation reached 3.69 billion kilowatts, representing a year‑on‑year increase of 18.0%. Among this, solar power installed capacity for power generation totaled 1.12 billion kilowatts, surging 48.5% year‑on‑year. China's cumulative installed capacity for PV power generation has officially surpassed 1 terawatt, marking the nation's entry into the terawatt era!

China has built the world's largest and fastest‑growing renewable energy system

During the 14th Five-Year Plan period, China has entered its fastest phase of green and low-carbon transformation. The country has established the world's largest and most rapidly expanding renewable energy system. The share of renewables in total installed capacity for power generation has increased from 40% to around 60%. Annual newly installed capacity for wind and PV power generation has successively exceeded 100 GW, 200 GW, and 300 GW—achieving leapfrog growth at a pace and scale unprecedented in history.

Global leadership in renewable energy capacity

As of June 2025, China's renewable energy installed capacity reached 2.159 billion kilowatts, accounting for 59.2% of the nation's total power capacity — equivalent to 2.3 times the total installed capacity of the European Union. In 2024 alone, newly added capacity for wind and PV power generation exceeded 300 GW, which is equivalent to commissioning one million‑kilowatt‑level power station every single day.

China's PV industry has become the "green engine" of the global energy transition

In 2024, China's new energy storage capacity ranked first in the world. PV module exports reached 235.93 GW, capturing 80% of the global market. Remarkably, these exported products alone contributed to a reduction of 4.1 billion tons of carbon emissions worldwide. This closed‑loop model of "manufacturing — application + emission reduction" positions China's photovoltaic sector as a global "green engine," driving the worldwide transition to clean energy.

China's new energy technologies and equipment are leading globally

The 14th Five‑Year Plan period has been a crucial five years for major breakthroughs in energy science and technology innovation. China's new energy technologies and equipment now lead the world, with renewable energy patents accounting for more than 40% of the global total. PV conversion efficiencies and offshore wind turbine single‑unit capacities have continuously set new world records.

China provides practical solutions for developing countries' energy transition

China has collaborated with over 100 countries and regions on green energy projects, delivering implementable solutions for developing nations' energy transition. This has established a new paradigm of pragmatic Belt and Road energy cooperation. At the 2025 Meeting of Energy Ministers of SCO Member States, Chinese and international enterprises signed 25 energy projects worth approximately RMB 40 billion.

China makes monumental contributions to the global green transformation

Focusing on key energy sectors and major demands, China has strengthened international scientific and technological cooperation with Belt and Road partner countries in areas such as hydrogen energy, energy storage, nuclear power, and smart energy. Over the past decade, China has helped reduce the global average levelized cost of electricity (LCOE) for wind power by 60% and for PV power by 80%, thereby making substantial contributions to the worldwide green transformation.

The world's first "Lighthouse Factory" in the PV cell sector emerges

A "Lighthouse Factory" represents the pinnacle of Industry 4.0 application, showcasing the highest standards of intelligent manufacturing and often hailed as "the world's most advanced factory." As of now, China currently hosts 85 Lighthouse Factories, ranking first globally. This year, TW Solar Meishan Company became the only factory in the global PV sector selected, marking the birth of the world's first Lighthouse Factory in the PV cell sector. This milestone underscores China's PV industry once again leading the world in intelligent manufacturing and digital transformation.